USGDX vs. CPODX
USGDX (Morgan Stanley U.S. Government Securities Trust) and CPODX (Morgan Stanley Insight Fund) are both mutual funds - USGDX is a Intermediate Core Bond fund managed by Morgan Stanley, while CPODX is a Large Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, USGDX returned 0.27%/yr vs 15.41%/yr for CPODX. Their -0.10 correlation means they have often moved in opposite directions in the past. USGDX charges 0.52%/yr vs 0.83%/yr for CPODX.
Performance
USGDX vs. CPODX - Performance Comparison
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Returns By Period
In the year-to-date period, USGDX achieves a -4.71% return, which is significantly higher than CPODX's -7.64% return. Over the past 10 years, USGDX has underperformed CPODX with an annualized return of 0.27%, while CPODX has yielded a comparatively higher 15.41% annualized return.
USGDX
- 1D
- -1.20%
- 1M
- -3.54%
- 6M
- -4.30%
- YTD
- -4.71%
- 1Y
- -0.16%
- 3Y*
- 2.50%
- 5Y*
- -2.11%
- 10Y*
- 0.27%
- ALL TIME*
- 2.82%
CPODX
- 1D
- -2.37%
- 1M
- -9.01%
- 6M
- -0.06%
- YTD
- -7.64%
- 1Y
- -3.64%
- 3Y*
- 19.53%
- 5Y*
- -3.81%
- 10Y*
- 15.41%
- ALL TIME*
- 10.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
USGDX vs. CPODX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USGDX Morgan Stanley U.S. Government Securities Trust | -4.71% | 13.54% | -6.80% | 4.64% | -13.25% | -2.18% | 5.79% | 7.23% | 0.08% | 2.91% |
CPODX Morgan Stanley Insight Fund | -7.64% | 19.23% | 46.73% | 53.03% | -60.99% | -6.54% | 116.44% | 33.45% | 12.29% | 48.76% |
Correlation
The correlation between USGDX and CPODX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997 | -0.10 |
The correlation between USGDX and CPODX shifts across timeframes, from -0.10 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USGDX vs. CPODX — Risk / Return Rank
USGDX
CPODX
USGDX vs. CPODX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley U.S. Government Securities Trust (USGDX) and Morgan Stanley Insight Fund (CPODX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USGDX | CPODX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.99 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.24 | +0.50 |
| Martin ratioReturn relative to average drawdown | 0.64 | -0.47 | +1.11 |
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Drawdowns
USGDX vs. CPODX - Drawdown Comparison
The maximum USGDX drawdown since its inception was -30.33%, smaller than the maximum CPODX drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for USGDX and CPODX.
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Drawdown Indicators
| USGDX | CPODX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.33% | -84.51% | +54.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -28.28% | +20.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.33% | -31.37% | +14.04% |
Max Drawdown (5Y)Largest decline over 5 years | -29.65% | -70.71% | +41.06% |
Max Drawdown (10Y)Largest decline over 10 years | -30.33% | -71.26% | +40.93% |
Current DrawdownCurrent decline from peak | -11.00% | -25.99% | +14.99% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -38.36% | +35.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 14.39% | -11.14% |
Volatility
USGDX vs. CPODX - Volatility Comparison
The current volatility for Morgan Stanley U.S. Government Securities Trust (USGDX) is 2.97%, while Morgan Stanley Insight Fund (CPODX) has a volatility of 8.04%. This indicates that USGDX experiences smaller price fluctuations and is considered to be less risky than CPODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USGDX | CPODX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 8.04% | -5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 23.68% | -16.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.65% | 30.59% | -21.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.30% | 39.98% | -27.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.98% | 34.27% | -25.29% |
USGDX vs. CPODX - Expense Ratio Comparison
USGDX has a 0.52% expense ratio, which is lower than CPODX's 0.83% expense ratio.
Dividends
USGDX vs. CPODX - Dividend Comparison
USGDX's dividend yield for the trailing twelve months is around 4.88%, while CPODX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPODX Morgan Stanley Insight Fund | 0.00% | 0.00% | 0.64% | 0.00% | 41.78% | 12.90% | 7.97% | 6.49% | 8.40% | 26.14% | 9.16% | 8.38% |
USGDX Morgan Stanley U.S. Government Securities Trust | 4.88% | 4.73% | 5.20% | 3.09% | 2.51% | 2.18% | 2.79% | 3.67% | 3.13% | 3.11% | 3.13% | 2.63% |
Frequently Asked Questions
USGDX and CPODX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPODX has higher volatility (8.04%) compared to USGDX (2.97%). In terms of maximum drawdown, USGDX dropped -30.33% vs CPODX's -84.51%.
USGDX currently has the higher Sharpe Ratio (0.24 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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